Business
-
Convenience store chain GS25 to roll out tomato pre-order sales to satisfy picky customers
SEOUL -- In a bid to satisfy picky customers, South Korea's major convenience store chain, GS25, is set to introduce a pre-order project for tomatoes. Under this initiative, the store chain's operator will accept orders from customers and deliver the fruits, cultivated in the southern port city of Busan, directly to their doorsteps. Additionally, any dissatisfied customers will receive a 100 percent refund. According to GS Retail, the operator of GS25, sales of fresh fruit
March 4, 2024 -
[MWC 24] KT partners with Amazon to co-develop generative AI and mobile services for enterprises
BARCELONA -- In a bid to compete with top global generative artificial intelligence service providers such as Google and OpenAI, South Korea's major telecom company KT has forged an alliance with Amazon Web Services, the cloud computing and internet server service wing of e-commerce giant Amazon. Generative AI is a type of AI that can create new content such as images, text, and music based on patterns it has studied through machine learning processes. Enterprises of all sizes
February 29, 2024 -
K-pop band aespa selected as global ambassador for Amore Pacific's hair cosmetic brand
SEOUL -- K-pop sensation aespa has been chosen as the global ambassador for Amore Pacific's hair cosmetic brand, Mise en Scene, in a strategic move to captivate Asian K-pop enthusiasts. Amore Pacific, South Korea's leading cosmetics manufacturer founded in 1945, has solidified its position as a pioneer in the beauty industry, offering a diverse range of skincare and haircare products catering to all age groups. Renowned for its collaboration with top celebrity brand amb
February 28, 2024 -
Pulmuone selected as most admired S. Korean food company
SEOUL -- South Korea's food company Pulmuone was picked as the most respected domestic food maker by the Korea Management Association Consulting (KMAC), a major consulting group. The company has received an award from the non-profit organization, which recognizes outstanding companies based on their innovation capacity, shareholder value, and consumer trust. Pulmuone secured the top position in the general food sector based on the KMAC's survey of 11,800 people conducted b
February 28, 2024 -
S. Korean battery maker Samsung SDI makes foray into Viet Nam's electric motorcycle market
SEOUL -- South Korea's battery manufacturer, Samsung SDI, has entered Viet Nam's electric motorcycle market, capitalizing on the country's transition towards clean-energy transportation. With over 65 million motorcycles registered and operational in Viet Nam as of 2022, the market presents significant opportunities for electric two-wheelers. Approximately 10 percent of newly registered motorcycles in Viet Nam are powered by battery packs, reflecting a growing trend tow
February 27, 2024 -
[MWC 24] SK Telecom to establish joint venture with global telecom companies for large language model project
BARCELONA -- South Korea's major mobile carrier SK Telecom agreed with four global telecom companies -- Germany's Deutsche Telekom, United Arab Emirates-based e&, Singapore's Singtel, and Japan's SoftBank -- to set up a joint venture targeting the artificial intelligence market. The joint venture aims to develop a multilingual large language model, a deep learning-based artificial intelligence algorithm that understands, summarizes, and generates content in differ
February 27, 2024 -
Online shopping mall Gmarket partners with counterpart Shoppy to expand products in Mongolia
SEOUL -- Popular ecommerce platform Gmarket has partnered with its Mongolian counterpart, Shoppy, to assist South Korean sellers in expanding their product reach. The Seoul-based online shopping mall operator aims to target consumers already familiar with South Korean products, following the successful entry of major South Korean convenience stores into the Mongolian market. The demand for South Korean products, especially food items like snacks and instant noodles, is high in Mon
February 26, 2024 -
S. Korean athleisure wear maker to open mega-sized 'pop-up store' in Japan to attract more offline customers
SEOUL -- Andar, a popular South Korean athleisure brand, will open a mega-sized, two-story pop-up store in an Osaka, Japan department store. The brand aims to attract more Japanese customers through offline experiences after gaining popularity on Japanese ecommerce platforms. Athleisure clothing gained popularity in South Korea over the last decade as people sought comfortable, versatile clothes for indoor training like Pilates and CrossFit. This trend, particularly favored by you
February 26, 2024 -
[MWC 24] 'MWC' becomes showcase venue for 2,400 global tech firms
BARCELONA -- Some 2,400 global companies will participate in the Mobile World Congress, an annual mobile device exhibition held in Barcelona from February 26 to February 29. With the theme titled "Future First," exhibitors will present artificial intelligence and other high-tech solutions during the four-day event visited by more than 90,000 people. The annual tech event, run by the mobile industry network Global System for Mobile Communications (GSMA), is one of the l
February 26, 2024 -
Online apparel giant Musinsa to kick-start incubator program for fashion designers
SEOUL -- South Korea's online apparel giant Musinsa will kick-start its incubation program for fashion designers who dream of launching their own startups and ventures. The online shopping mall operator has been nurturing young designers through a series of incubation programs including a mentoring system that connects veteran designers and those who just stepped into the professional world of fashion. Established in 2003 as a small online fashion community, Musinsa has since
February 26, 2024
-
LG CNS introduces ERP testing solution to Japan
-
India, Iran pledge stronger ties at summit
-
South Korea reports over 3,000 crime victims in Philippines
-
SK hynix posts record quarterly earnings on AI chip boom
-
UN delays Gaza polio vaccination due to ongoing conflict
-
Hezbollah confirms death of successor in Israeli airstrike
-
Korea's economy edges up 0.1% in third quarter
-
BOJ's Ueda signals concerns over gradual rate hikes
-
China to launch monthlong consumption campaign in five major cities
-
Xi meets Modi at BRICS summit, calls for cooperation on development goals